Smart City Gnosys

Smart city article details

Title	Does Smart City Construction Exacerbate Capital Misallocation? Spatial Spillovers, Digital Transformation, And Robotics Application
ID_Doc	20893
Authors	Luo H.
Year	2025
Published	Structural Change and Economic Dynamics, 73
DOI	http://dx.doi.org/10.1016/j.strueco.2025.01.008
Abstract	This paper aims to examine the impact of Smart City Construction on capital misallocation in China from a spatial perspective. The findings reveal that Smart City Construction generates significant negative spatial spillover effects on capital misallocation in neighboring cities, with these effects gradually diminishing beyond a 300-kilometer radius. The spillover effects are particularly pronounced in eastern regions, medium-sized cities, and cities with higher administrative status. Furthermore, at the firm level, Smart City Construction tends to exacerbate internal financial misallocation, yet digital transformation and robotics application can partially alleviate these inefficiencies. However, these technological interventions may intensify inter-firm capital misallocation. These findings suggest a dual effect of Smart City Construction and associated technological advancements: while they enhance internal capital efficiency, they may disrupt broader regional capital allocation patterns. Therefore, this study underscores the need to balance internal optimization with external regional impacts, promoting coordinated and sustainable regional development. © 2025
Author Keywords	Capital misallocation; Digital transformation; Robotics application; Smart city construction; Spatial spillover

Similar Articles

Id	Similarity	Authors	Title	Published
46179	0.899	Wang M.; Zhou T.	Rethinking The Effects Of Smart City Implementation On Industrial Structure Change	Social Science Computer Review (2024)
13309	0.892	Chen C.; Li S.-E.; Wang L.	Can Smart Cities Reduce Labor Misallocation? Evidence From China	Technological Forecasting and Social Change, 201 (2024)
39337	0.888	Yu Y.; Zhang Q.; Song F.	Non-Linear Impacts And Spatial Spillover Of Digital Finance On Green Total Factor Productivity: An Empirical Study Of Smart Cities In China	Sustainability (Switzerland), 15, 12 (2023)
59664	0.886	Shu Y.; Deng N.; Bie A.; Wu Y.; Bao S.	Unlocking The Role Of Smart Cities In Technological Innovation: Evidence From China	Applied Economics, 56, 58 (2024)
13330	0.884	Cui S.; Li G.; Liu J.	Can The Construction Of Smart Cities Promote The Capital Allocation Efficiency: Evidence From China	Technological Forecasting and Social Change, 208 (2024)
55752	0.883	You L.; Xu W.; Jiang Z.; Wang F.; Peng L.	The Impact Of Smart City Construction On Labour Distortions From The Perspective Of Labour Mobility: Evidence From China	Technology Analysis and Strategic Management (2024)
20895	0.882	Hu H.; Ye Z.	Does Smart City Construction Inhibit Corporate Financialization? Evidence From China	Sustainability (Switzerland), 17, 3 (2025)
49777	0.881	Zhuo Z.; Ye J.; Wang Y.; Chen H.; Liang B.	Smart Cities, Smarter Land Use? Unveiling The Efficiency Gains From China'S Digital Urban Transformation	Ecological Indicators, 171 (2025)
34321	0.879	Cao Y.; Hu Y.; Liu Q.; Lu M.; Shan Y.	Job Creation Or Disruption? Unraveling The Effects Of Smart City Construction On Corporate Employment In China	Technological Forecasting and Social Change, 195 (2023)
29438	0.876	Lin J.; Chen X.; Yan G.	How Smart City Construction Affects Digital Inclusive Finance In China: From The Perspective Of The Relationship Between Government And Large Private Capital	Sustainability (Switzerland), 15, 11 (2023)